Added to YB: 2022-05-27
Pitch date: 2022-05-26
SODI [bullish]
Solitron Devices, Inc.
Author Info
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Company Info
Solitron Devices, Inc. designs, develops, manufactures, and markets solid-state semiconductor components and related devices primarily for the military and aerospace markets in the United States, Canada, Latin America, Europe, and Australia.
Market Cap
$49.5M
Pitch Price
N/A
Price Target
8.00
Dividend
N/A
EV/EBITDA
56.72
P/E
1.8K
EV/Sales
3.33
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Very undervalued company with a market cap of $20M
SODI: Defense chip maker w/ 85% custom products for Raytheon/Boeing/Lockheed, high barriers to entry & mission-critical MOAT. Post-turnaround: rev $7M→$11M, 50% growth, 25% ROE. New facility saves $1M/yr. Silicon Carbide expansion ($2.5B market, $1.2M sales). $5.2M cash, $2.8M debt, $19.3M mkt cap. Conservative est: $3M net profit = 6.3x P/E (3.9x ex-cash). 2025 target $15M rev, $6M op profit = 3x P/E. Risks: 50% Raytheon concentration, OTC illiquidity. CEO owns 13%, strong capital allocation.
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